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321 N K Street, Lake Worth Beach, FL 33460 (MLS# R10098395)

321 N K Street, Lake Worth Beach, FL 33460

$590,000
Property Type: Commercial Sale Square Footage: 3,840 Status: Closed
Current Price: $590,000 List Date: 12/29/2014 Last Modified: 5/21/2026

Overview

Description

Investors, This is the property for you! Great 10 unit income property in Downtown Lake Worth. NO VACANCIES! 3 short blocks to downtown shops and nightlife and only about a mile to the beach. 9 one bedroom one bath units and one studio. Coin operated Washer and Dryer and a nearly new 100 gallon gas water heater to serve the building.

Listing Details MLS# R10098395

General Property Information

Number Of Units Total
10
Building Area Main
3840
Building Area Source
Public Records
Year Built
1960
Lot Size Area
8276.4
Lot Size Acres
0.19
Stories
2

Property Features

Building Features: Laundry Facilities Documents Available: Copy Of Lease(s) Electric: Separate Meters Flooring: Ceramic Tile; Concrete Heating: Window/Wall Location of Property: Central Business District; City Location Possession: Close Of Escrow; Negotiable Sale Includes: Building; Fixtures; Furniture; Land; Machinery Special Licenses: Occupational Tenant Pays: Electricity Construction Materials: Concrete Cooling: Wall/Window Unit(s) Listing Terms: Cash; Conventional Roof: Built-Up Security Features: Smoke Detector(s) Sewer: Public Sewer Utilities: Cable Available; Natural Gas Available Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent; Listing Agent Must Accompany; Occupied Contingencies: None

Contract Information

Comp Sale YN
No
Original List Price
619000

Location and Legal

County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
321
Street Direction Prefix
N
Street Name
K
Street Suffix
Street
City Name
Lake Worth Beach
State Or Province
FL
Postal Code
33460
Area
5600
Geographic Area
PB16
Parcel Number
38434421150880210
Zoning
MF30
Directions
From Lake Avenue and Dixie go east on Lake Ave to K Street, North to property.
Property Description
Residential Income

Financial Information

Tax Annual Amount
8896.28
Tax Year
2014
Tax Legal Description
TOWN OF LAKE WORTH LTS 21 & 22 & N 12 FT OF LT 23 BLK 88

Remarks and Miscellaneous

Public Historical Remarks
Building Type: Y

More Information

Status Change Information

Major Change Timestamp
2015-03-06T15:21:45Z
Major Change Type
Status Change
Status Change Date
2015-03-06
Under Contract Date
2015-02-04
Close Date
2015-02-27
Close Price
590000
Buyer Financing
Cash

Building and Property Details

# Of Tenants
10
# Of Toilets
10
% Air Conditioned
100
Maximum Ceiling Height
8

Meter Information

Number Of Meters Total
11

Income and Expenses

Gross Income
78300
Net Operating Income
43210
Operating Expense
28490
Vacancy Allowance Rate
0

Description of Unit Type 1

Unit Type
1 Bedroom
Units Total
Yes
Full Baths
Yes
Annual Rent
675

Description of Unit Type 2

Unit Type
Efficiency
Units Total
Yes
Full Baths
Yes
Furnished
Yes
Annual Rent
500

Description of Unit Type 3

Unit Type
1 Bedroom
Units Total
8
Full Baths
Yes
Annual Rent
650

Price Calculations

Current Price To SqFt
153.64
Original List Price To Close Price
1.04

Originating Details

Originating System Key
20141227162016867685000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Electric

Separate Meters
Yes

Flooring

Ceramic Tile
Yes
Concrete
Yes

Documents Available

Copy Of Lease(s)
Yes

Tenant Pays

Electricity
Yes

Location of Property

Central Business District
Yes
City Location
Yes

Possession

Close Of Escrow
Yes
Negotiable
Yes

Sewer

Public Sewer
Yes

Utilities

Cable Available
Yes
Natural Gas Available
Yes

Building Features

Laundry Facilities
Yes

Heating

Window/Wall
Yes

Sale Includes

Building
Yes
Fixtures
Yes
Furniture
Yes
Land
Yes
Machinery
Yes

Special Licenses

Occupational
Yes

Construction Materials

Concrete
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Roof

Built-Up
Yes

Security Features

Smoke Detector(s)
Yes

Water Source

Public
Yes

Cooling

Wall/Window Unit(s)
Yes

Showing Requirements

24 Hour Notice
Yes
Appointment Only
Yes
Call Listing Agent
Yes
Listing Agent Must Accompany
Yes
Occupied
Yes

Contingencies

None
Yes
Listing Office: Re/Max Prestige Realty/LWB
IDX
Last Updated: May - 21 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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